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Summary of Auction Results for July 2016

Bonds
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Thursday, July 14, 2016/ 3.33PM / DMO

Auction Result for the 14.50% FGN JUL 2021 (New Issue), 12.50% FGN JAN 2026 (Re-opening) & 12.40% FGN MAR 2036 (Re-opening)



Successful bids for the 12.50% FGN JAN 2026 and 12.40% FGN MAR 2036 were allotted at the Marginal Rates of 14.90% and 14.9830%, respectively.

However, the original coupon rates of 12.50% for the 12.50% FGN JAN 2026 and 12.40 for the 12.40% FGN MAR 2036 will be maintained, while the coupon rate for the 14.50% FGN JUL 2021 is set at 14.50% .

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